Strategic Oil & Gas Ltd. reported production results for the month of April 2014. For the month, the company reported steen river plant and the sales oil pipeline are up and running. Field estimated average for April production is 3,800 boe/d. As a result of the non-core asset disposition of 90 boe/day as well as the 9,000 barrels of oil production at Marlowe used to fill the Bistcho sales oil pipeline. The company's Muskeg Stack well (10-24) was drilled in March 2014 with 1,438 metres of horizontal section and a 15 stage completion program. The well has been tied in and producing for 52 days with initial rates well over the Company's Muskeg type curve. Initial rates for the Muskeg Stack well 10-24 are: IP30: 560 boe/d and IP52: 509 boe/d. The well has produced approximately 26,500 boe (60% oil) in less than two months.

For the second quarter of 2014, the company's sales volumes are estimated to be 3,600 boe/d. Current production subsequent to the asset disposition is estimated at 3,800 boe/d.

For the year 2014, the company anticipates exiting 2014 with production of 4,000 boe/d.